Gold prices recorded a notable increase in Egypt’s local market, tracking gains in the global ounce amid ongoing geopolitical tensions linked to the US–Iran conflict. These developments have continued to influence energy markets and reshape global monetary expectations, according to a report by iSagha. Saeed Imbabi, Executive Director of the platform, said local gold prices rose by around EGP 175, pushing the price of the 21-karat gram to EGP 7,100. At the retail level, the 24-karat gram stood at around EGP 8,114, while the 18-karat gram recorded approximately EGP 6,086. He noted that the gap between local and global gold prices has narrowed to about EGP 107.

Source: Daily News Egypt March 30, 2026 19:55 UTC